[Click eStock] "Picogram, Focus on Export Growth Trend"

[Asia Economy Reporter Jang Hyowon] IBK Investment & Securities analyzed on the 23rd that PicoGram's export performance is expected to show growth due to an increase in sales amount on Amazon.

PicoGram, established in 2002, operates a business providing solutions in the water purifier and water treatment fields. With funds secured through its KOSDAQ listing, it expanded its carbon block production facilities and completed the construction of a total value chain for water purifiers, from carbon block → filter → water purifier.

Researcher Lee Geonjae of IBK Investment & Securities stated in a report on the day, “Last year, PicoGram recorded domestic sales of 13.6 billion KRW (52%) and exports of 12.7 billion KRW (48%), achieving total sales of 26.3 billion KRW,” and “This year, domestic sales are expected to grow slightly compared to the previous year, but exports have already reached 12.7 billion KRW cumulatively by the third quarter, so export performance will easily surpass last year’s results.”

The researcher judged, “Exports, which are driving this year’s performance, are likely to remain stable along with the increase in Amazon sales amount, so interest in future changes in export performance will rise.”

Additionally, he added, “Through the OEM business and its own brand (Pureal, Pureel) business, stable performance growth continues, and sales volume growth is expected due to improved brand awareness.”

Regarding the recent 1-for-5 bonus share event, he analyzed, “After the large-scale bonus share event, the stock price has continued to decline,” and “The recent sharp fluctuations in PicoGram’s stock price are judged to be a simple trading event rather than a change in corporate value due to performance changes, and such events have entered their final phase.”